Powell Sparks Market Rally, Dimon's 'Cockroach' Warning, France's Confidence Vote

Powell Sparks Market Rally, Dimon's 'Cockroach' Warning, France's Confidence Vote

Your morning briefing, the business news you need in just 15 minutes.


On today's podcast:


(1) Federal Reserve Chair Jerome Powell signaled the US central bank is on track to deliver another quarter-point interest-rate cut later this month, even as a government shutdown significantly reduces its read on the economy.


(2) US President Donald Trump said he might stop trade in cooking oil with China, injecting fresh tensions into the relationship between the world’s two largest economies.


(3) JPMorgan Chase CEO Jamie Dimon sounded warnings on the potential for a deterioration in credit quality, a cautionary note that put a damper on the firm’s surge in trading and investment-banking revenue.


(4) ASML’s orders beat analyst expectations in the third quarter, as demand for its chip-making machines was fueled by hundreds of billions of dollars in investment into artificial intelligence infrastructure.


(5) Prime Minister Sebastien Lecornu won the crucial support of the Socialist Party in France’s National Assembly, significantly improving the chances of his new government surviving two no-confidence votes Thursday.


(6) Bank of England Governor Andrew Bailey raised concerns about the UK economy running “under potential” and a softening jobs market, as Chancellor of the Exchequer Rachel Reeves flew to Washington to make her growth pitch to investors.


Podcast Conversation: The Best New Hotel in London Fixes What’s Wrong With Luxury

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Episoder(1182)

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Global Chip Rout Deepens, Spain & France Count Cost, Vinted's US Ambitions

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300,000 Flee Wildfires, Europe’s Market Mojo, French Spy Tech Shift

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Daybreak Weekend: US Tech, BOE Decision, BOJ Meeting

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24 Jul 39min

Trump Reboots Global Tariffs, Mag 7 Lose $797B, Barclays Hunts For Growth

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Your morning briefing. All the news you need to start your day.On today's podcast:(1) The US will collect duties of between 10% and 12.5% on imports from most major trading partners, its biggest move ...

24 Jul 17min

Houthis Attack Tankers, Alphabet’s $205B Splurge, French Politics Jolts Bankers

Houthis Attack Tankers, Alphabet’s $205B Splurge, French Politics Jolts Bankers

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23 Jul 20min

US Allies Exasperated, Creditors Court Burnham, Finland’s Public Debt Spiral

US Allies Exasperated, Creditors Court Burnham, Finland’s Public Debt Spiral

Your morning briefing. All the news you need to start your day.On today's podcast:(1) New Prime Minister Andy Burnham has approved the use of British military bases by the US for what the UK calls def...

22 Jul 20min

The Surprise Chancellor, Canada Faces 50% Tariff, Hormuz Sailor Bonuses

The Surprise Chancellor, Canada Faces 50% Tariff, Hormuz Sailor Bonuses

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham named former Defense Secretary John Healey to be his Chancellor of the Exchequer in a surprise move b...

21 Jul 21min

Inside Burnham’s First Day, US-Iran Bombing Spirals Spain Wins World Cup

Inside Burnham’s First Day, US-Iran Bombing Spirals Spain Wins World Cup

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Andy Burnham is set to become the UK’s seventh prime minister in just over a decade on Monday with a number of out...

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